Description:
• Two-owner CPA practice in vibrant, growing North Austin Metro Area • Demonstrated double-digit year over year growth for several years • 81% Tax Preparation (59% Individual; 41% Business); 9% Bookkeeping/Payroll; 10% Other Services • Cash flow to owner before potentially duplicate expenses is a solid 47% of gross revenue • Practice utilizes Ultra Tax CS, CCH Engagement and Quickbooks software • One senior full-time tax professional, one full-time bookkeeper, an office manager, a seasonal tax preparer and a seasonal tax support assistant • Office space is owner-occupied; seller is open to selling or leasing space to new practice owner • One owner is looking forward to retirement from public accounting after a long, successful career and the other owner is taking a portion (carved out portion of revenues excluded from revenues shown) of the clients to serve from a home-based office • Owner remaining anticipates assisting buyer through an appropriate transition period to maximize knowledge transfer and client retention